While many admit the benefits of keeping up with new technology in the context of business, more and more decision-makers are passing on actual change. A new study highlights that gap. In the study, business decision makers across a variety of industries highly ranked the importance of keeping up on IT trends. Things such as big data, artificial intelligence, and the internet of things, however, saw huge lags in implementation—even when it could benefit the bottom line.
Key Takeaways:
- The disconnect between recognizing the benefits of new technology and taking advantage of them is consistent across industries, as shown in a report created by Capita Technology Solutions in partnership with Cisco.
- Overall 88 percent believe financial gains can be made and 86 percent agree that they can attain a competitive advantage by “responding to IT trends within their business.”
- Across all categories, 82 percent of the decision makers believed tech trends are hyped by the media and at industry events at least some of the time, so there is also an element of mistrust.
“Regarding big data, for example, 90 percent said it was relevant to their business, 64 percent said it was being applied in their industry, but only 39 percent reported it being implemented in their own business.”
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